Asset Management One Co. Ltd. Trims Stock Holdings in Lululemon Athletica Inc. (NASDAQ:LULU)

Asset Management One Co. Ltd. cut its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,179 shares of the apparel retailer's stock after selling 1,030 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Lululemon Athletica were worth $17,083,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LULU. JFS Wealth Advisors LLC grew its stake in shares of Lululemon Athletica by 127.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 116 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 65 shares during the period. Sound Income Strategies LLC boosted its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the period. Golden State Wealth Management LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $36,000. Ameliora Wealth Management Ltd. bought a new position in Lululemon Athletica in the 4th quarter worth about $38,000. Finally, Stonebridge Financial Group LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $44,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares of the company's stock, valued at approximately $5,040,456.66. This represents a 66.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Lululemon Athletica Trading Down 1.3 %

Lululemon Athletica stock traded down $4.92 during mid-day trading on Wednesday, hitting $367.52. The company had a trading volume of 1,421,889 shares, compared to its average volume of 1,625,595. The stock's 50 day moving average price is $390.12 and its two-hundred day moving average price is $323.12. Lululemon Athletica Inc. has a 12 month low of $226.01 and a 12 month high of $480.94. The company has a market capitalization of $44.76 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.23 and a beta of 1.19.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. The company's revenue was up 9.1% on a year-over-year basis. Equities research analysts anticipate that Lululemon Athletica Inc. will post 14.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on LULU. Morgan Stanley raised their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Truist Financial lifted their price target on Lululemon Athletica from $420.00 to $460.00 and gave the company a "buy" rating in a research report on Friday, January 10th. KeyCorp lifted their price target on Lululemon Athletica from $400.00 to $420.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $399.14.

Lululemon Athletica Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.